TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. TABLE OF CONTENT 1. Globalization 2. National Differences in Political Economy 3. Politi cal Economy and Economic Development 4. Differences in Culture 5. Ethics in International Business 6. Int...
,CHAPTER 1
1) Discuss the characteristics of globalization. Use an example in your discussion.
2) Explain what is meant by the globalization of markets. Provide an example. What are the
most global markets?
3) Discuss the concept of the globalization of production.
4) What is the World Trade Organization? What is its role in the world economy?
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,5) What is the International Monetary Fund? What is the World Bank? What is their
relationship, if any, with each other?
6) What is the Uruguay Round? List the measures implemented in the Uruguay Round.
7) Explain the trends in world trade and foreign direct investment since 1960.
8) Explain how the COVID-19 global pandemic has impacted globalization.
9) Discuss the impact of technological change and automation on global markets.
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, 10) Discuss the demographics of world trade since the 1960s. How has the role of the United
States changed? How is world trade expected to change in the future?
11) Why does China represent both opportunities and threats for established international
businesses?
12) Consider whether the shift toward a more integrated and interdependent global economy
is a good thing. Discuss the shift from the eyes of the consumer, the worker, the company, and
the environmentalist.
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